Renesas Electronics donates 1 million euros to support Ukraine

Renesas Electronics Corp., a supplier of advanced semiconductors, has decided to donate 1 million euros to UNHCR, the United Nations High Commissioner for Refugees, to help support humanitarian efforts in Ukraine, according to A press release.

The efforts are in response to Russia’s war in Ukraine in late February.

The company says it “considers the safety and well-being of all stakeholders globally, including employees, their families and customers, to be a top priority.”

Renesas had set up a crisis intervention team at the start of the war in Ukraine. The company would have been in contact with its employees there.

The statement noted that Renesas made available to Ukrainian employees advanced payroll and additional compensation, provided practical and financial support to those who wanted to leave, and is working on helping those who left.

In addition, a communication platform was created on the company intranet, allowing employees to offer skills and support such as hosting and translation. And there has been a made-in-Ukraine shelter at Reneseas headquarters in Lviv, which will support families and employees who cannot leave Ukraine.

Meanwhile, P2P lenders and FinTech companies have stepped up their efforts to show support for Ukraine as well, according to a report.

For example, Assetz Capital and its institutional backer Aros Kapital have agreed to donate to humanitarian organizations from the proceeds of their ongoing partnership.

And Innovate Finance, the UK FinTech trade body, has held sessions on how members can donate to humanitarian causes.

Estonian P2P lender Bondora has also donated to Mondo, a non-governmental organization working on humanitarian aid in Ukraine, and Twino has partnered with many Latvian FinTechs and companies with the aim of raising at least 5 million euros ($5.4 million) for Ukrainian causes, the report says.

In addition to this, platforms like Mintos and Twino have made efforts to monitor investor lending in the region.

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